Fairywren Rd, Mickleham VIC (Model A)

Description

This stunning co-living property in Melbourne’s growth corridor offers a modern design with four bedrooms, three bathrooms, and two car spaces. Thoughtfully designed for convenience and comfort, it provides an ideal setup for both tenants and investors seeking high-yield opportunities. With quality inclusions and stylish finishes, this home caters to the growing demand for flexible and affordable living.

Suburb profile:

Mickleham is one of Melbourne’s fastest-growing northern suburbs, known for its family-friendly community and strong infrastructure pipeline. With easy access to major highways and transport links, residents enjoy excellent connectivity to the Melbourne CBD and surrounding employment hubs. The suburb also offers proximity to schools, shopping centres, and recreational amenities, making it highly appealing to tenants and investors alike.

Inclusions:

• 2590mm ceiling heights
• Block out roller blinds throughout
• Coloured concrete driveway
• Irrigated turf to front and rear gardens
• Drought resistant planting and mulching

Site Inclusions - Site Works, Foundations & Connections:

• Engineer designed slab up to P classification
• Stormwater, sewer, water and underground power
• NBN, telephone and electricity by builder (connection fees by owner)
• Rock excavation and removal allowance included
• Temporary fencing, signage and waste management

Internal Inclusions:

• Laminate timber look flooring and carpet to bedrooms
• 20mm stone benchtops in kitchen and bathrooms
• Flush panel internal doors with chrome hardware
• Programmable entry locksets with PIN code for bedrooms
• Robes with shelving and hanging rails

External Inclusions:

• Face brickwork with feature acrylic render
• Concrete roof tiles with Colorbond fascia and guttering
• Aluminium windows with flyscreens
• Sectional garage door with remote controls
• Boundary fencing in accordance with estate requirements

Electrical Inclusions:

• White LED downlights throughout
• TV and data points to living and bedrooms
• Split system air conditioning to main living
• Heating panels to bedrooms
• Smoke detectors with battery backup

Appliance Inclusions:

• 900mm stainless steel oven, cooktop and rangehood
• 600mm stainless steel dishwasher
• Microwave provision
• 1 1/3 bowl stainless steel sink with mixer

Energy Efficiency:

• Minimum 7-star energy rating
• Termite treatment
• 280L electric heat pump hot water system
• PV solar system to meet energy requirements

Warranties:

• 10-year structural warranty
• 3-month maintenance warranty

This co-living property presents an outstanding opportunity for investors, offering a high-yield and future-proof investment backed by strong rental demand and growth potential.

A co-living property is a type of shared accommodation that offers private bedrooms with ensuite bathrooms and communal spaces such as kitchens, living rooms, dining areas, laundry facilities and outdoor areas.

Co-living properties are designed to foster a sense of community, convenience and comfort among the residents, who can enjoy the benefits of having their own space as well as socialising with like-minded people.

A co-living property attracts tenants who are looking for an affordable, flexible and hassle-free living option that suits their lifestyle and needs.

Co-living tenants are typically young professionals, students, digital nomads, entrepreneurs, creatives and seniors who value convenience, connectivity and collaboration.

A co-living property offers benefits to an investor who is looking for a high-yield, low-risk and future-proof investment opportunity.

Co-living properties have a higher occupancy rate, lower vacancy rate and lower turnover rate than traditional rental properties, as they cater to the growing demand for affordable and flexible housing solutions in urban areas.

Co-living properties also have higher capital growth potential, as they are generally located in prime locations with access to transport, education, employment and entertainment hubs.

You can read more about Co-Living here: https://ausinvestmentproperties.com.au/blogs/co-living-the-future-of-australian-housing